NCMS Plan Update: Employer-provided medical care available to 86 percent of full-time employees
August 29th, 2014
According to a recent report by the U.S. Bureau of Labor Statistics, employer-provided medical care was available to 86 percent of full-time private industry workers in the United States in March 2014. By contrast, only 23 percent of part-time workers had medical care benefits available. A worker with access to a medical plan is defined as having an employer-provided plan available for use, regardless of the employee’s decision to enroll or participate in the plan.
For private industry employees in the lowest 10 percent of average earnings, employers paid 70 percent of the single coverage medical plan premium. For employees in the highest 10 percent of average earnings, the employer share of the premium was 81 percent. For family coverage, the employer share of the premium was 57 percent for employees in the lowest 10 percent of earnings, significantly less than the 72 percent for employees in the highest 10 percent of earnings.
Employers have been offering group health insurance voluntarily for decades and the numbers indicate that employers are not rushing for the exit. An employer who chooses to no longer offer group coverage may find themselves at a competitive disadvantage in hiring. If you have questions about the Affordable Care Act and its impact on the health insurance your practice provides, call MMIC Agency at 800-662-7917. We can review your current benefits and discuss alternatives including the North Carolina Medical Society Employee Benefit Plan (NCMS Plan).